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  • Sanusi Wants More Money For AMCON

    Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has asked the Senate to expedite action on the amendment of the Asset Management Corporation of Nigeria (AMCON) Act which would raise the intervention fund from...

    • Posted October 26, 2011
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  • Enugu State plans to build $1.6b monorail line

    The Enugu State government has announced plans to build a 117 Kilometre-long monorail line. During the presentation of the project to the Urban Development Bank of Nigeria (UDBN) Plc. in Abuja, the State Governor, Sullivan Chime revealed...

    • Posted October 26, 2011
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  • All Share Index Gains Second Consecutive Day

    On the back of a strong outing by the banking sector, the All Share Index gained 49 basis points today closing at 20,376.73. The Index is on a two day gaining streak. Top-tier banks Zenith Bank, UBA...

    • Posted October 26, 2011
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  • Oando Reports Impressive 3Q Numbers, Floors Analysts Estimates

    Oando Plc, the golden child of the Nigerian indigenous Oil and gas sector released its unaudited 3Q statements earlier this week. Turnover for the 9 months period has been significant at $ 2.5 Billion USD (NGN 392...

    • Posted October 26, 2011
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  • Eurozone Crisis: Sarkozy Proves EU Not Too Proud To Beg, Asks Cameron To Shut Up

    The President of France, Nicolas Sarkozy, Plans to call the Chinese Premier a day ahead of the visit of the European Financial Stability Facility’s (EFSF) trip to the Asian Tiger Giant. According to Bloomberg, Laus Regling, head...

    • Posted October 26, 2011
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  • Lifestyle: Porn Is Ruining The Sex Lives Of An Entire Generation – Psychology Today

    Young men in their 20s apparently have no groove in bed — and it’s all because they’re addicted to pornography, according to a report in Psychology Today. But the problem is much more serious than simply either being...

    • Posted October 26, 2011
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  • Transcorp Appoints Obinna Ufudo as Chief Executive

    Transcorp., a Nigerian company with interests in hotels, agriculture and oil, named Obinna Ufudo as its chief executive officer with immediate effect. The company, based in Lagos, also appointed Chibundu Edozie to its board of directors, according...

    • Posted October 25, 2011
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  • Sparkle Energy to build $10 billion 4000 Gas-fired Power Plant

    Federal government’s bid to ensure regular power supply has received a boost as Sparkle Energy has said it planned  to build a $10 billion 4000 Gas-fired Power Plant called Sparkle Power Plant, which is to become the...

    • Posted October 25, 2011
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  • Google expanding operations in Nigeria, plans to hire

    Google says it is hiring in Nigeria and working with the government, businesses and universities to expand Internet access in Africa’s most populous nation. The Mountain View company wants to tap unmet demand in the West African...

    • Posted October 25, 2011
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  • US Supreme Court to hear Nigeria-Shell rights case

    The US Supreme Court said Monday it will consider a lawsuit accusing Royal Dutch Shell of human rights abuses, a case that could make companies liable for torture or genocide committed overseas. The plaintiffs, relatives, of seven Nigerians...

    • Posted October 25, 2011
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